How Much Can You Grow a $1,000 Account in 20 Days?

Join the Small Account Challenge for Free - Available to all subscribers, no catch, just good learning!

Are you ready to test your trading skills?

This 20-Day Small Account Challenge is here to help you grow a $1,000 account by following smart trading principles. We’ll set a few critical rules and focus on high-reward trades to see how much growth you can achieve using a well defined strategy and process. Have more than one strategy, use a different $1000 account for each strategy and track how they perform over 20 days.

Challenge Rules

1. Starting Capital:

Start with $1,000. The goal is to grow this as much as possible over 20 days!

2. Risk Limits:

- Standard Trades: Risk no more than 25% of your account per trade.

- High-Confidence Trades: You can risk up to 50%, but only when the trade setup has a clear potential for 300% or more returns.

3. High-Potential Trades Only:

Focus on setups with a minimum target of 500% return potential. This rule increases the likelihood of capturing at least 100% gains if you’re right.

4. Clearly Defined Trade Strategy

Define a strategy and trade setup that happens often enough that you can repeat it at least 2-3 times a week. Give the strategy a name, description, entry rules, exit rules, and sizing rules.

How to Track Your Progress

To stay on track and measure performance, focus on these key metrics:

- Win Streak: Track how many winning trades you can string together.

- Loss Streak: Similarly, note consecutive losses to spot any patterns or potential adjustments in strategy.

- Total Account Growth %: Measure account growth daily as a percentage.

- Average Gain Per Trade: Calculate this by dividing the total profit by the number of winning trades.

- Average Loss Per Trade: Divide total losses by the number of losing trades to ensure you’re staying within risk limits.

Instructions for Challenge Takers

Comment on this blog if you are joining the challenge and what strategy you will focus on.

1. Daily Check-In: At the end of each trading day, comment here with your progress:

- Day #

- Strategy Name

- Trade outcome: Win/Loss

- Growth % for the day

- Account balance

** Remember It ok if there are days with 0 trades. Quality over quantity

2. Reflection: Share what you learned each day. Identify what worked well and where you might improve your strategy.

Final Thoughts

This is a fun challenge but also a learning opportunity. You’ll strengthen your discipline, risk management, and skills in spotting high-reward trades. So, set your plan, focus on setups, and let’s see how far you can grow that $1,000!

Ready? Set? Trade!